When both the Supply and Demand curves increase, then: . The equilibrium price will certainly increase. We cannot predict what the movement might be for the equilibrium quantity, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves) . The equilibrium quantity will certainly increase. We cannot predict what the movement might be for the equilibrium price, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly decrease (i.e., regardless of the relative shifts of the two curves)

When both the Supply and Demand curves increase, then: . The equilibrium price will certainly increase. We cannot predict what the movement might be for the equilibrium quantity, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves) . The equilibrium quantity will certainly increase. We cannot predict what the movement might be for the equilibrium price, unless we look at the relative shifts of the two curves . Both the equilibrium quantity and equilibrium price will certainly decrease (i.e., regardless of the relative shifts of the two curves)

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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